Specialty Monomers Market Analysis

End-user (Paints & Coatings, Adhesives & Sealants, Automotive, Pulp & Paper, Water Treatment, Personal Care)

The global specialty monomers market is segmented and analyzed for demand and supply by end use into paints & coatings, adhesives & sealants, automotive, pulp & paper, water treatment, personal care, and others. Out of these segments, the paints & coatings segment is estimated to gain the largest market share by the end of year 2037. Growing demand for coatings from automotive, construction, and other industries, which is expected to drive demand for specialty monomers in paints and coatings. It is estimated that approximately 57% of coats produced worldwide are applied to new construction, as well as to existing buildings for decoration and protection. The increasing demand for water-based paints and coatings, as they are less hazardous than solvent-based coatings along with the rapid expansion of the coatings sector, is also expected to contribute to the growth of the segment. Additionally, the development of advanced technologies such as UV curable coatings and powder coatings is also expected to contribute to the growth of this segment.

Type (Acrylate Monomers, Methacrylate Monomers, Acrylamide Monomers)

The global specialty monomers market is also segmented and analyzed for demand and supply by type into acrylate monomers, methacrylate monomers, acrylamide monomers, and others. Out of these segments, the acrylate monomers segment is estimated to gain the largest market share by the end of year 2037. The growth of the segment can be attributed to the increasing demand for acrylate monomers in the coatings and adhesives industries, as well as its use as a raw material in the production of a variety of products, such as paints, sealants, and plastics. There is an increase in the production of plastic worldwide. From 2000 to 2019, the global production of plastics increased by double to reach 450 million tonnes. Acrylate monomers are used in the production of plastic products because they are lightweight, durable, and highly resistant to chemicals and temperature. Acrylate monomers also have excellent optical properties, making them ideal for the production of clear plastics. In addition, acrylate monomers offer a variety of advantages, such as excellent adhesion properties, good durability, high flexibility, and low cost. As a result, they are increasingly being used in a variety of industries, including the construction, automotive, and electrical and electronics industries.

Our in-depth analysis of the global market includes the following segments: